Since March, China has been adding close to 1 million barrels per day to its reserves. A new Energy Law mandates private firms to hold more crude, boosting national energy security. With storage ...

China has significantly increased crude stockpiling this year. The crude import volumes going into the world’s biggest importer have held relatively strong despite lukewarm demand and an imminent peak ...

Saudi Aramco on Tuesday reported third-quarter adjusted net income of 104.92 billion Saudi riyals ($27.98 billion), beating expectations. The results come as the world's largest oil company faces a ...

Chinese refiner Yanchang Petroleum has bought 3 million barrels of crude from the United Arab Emirates and Kazakhstan for January arrival, several trade sources said, after suspending Russian oil ...

Occidental Petroleum recently attracted heightened investor interest following new U.S. sanctions on Russian oil companies, which have pushed crude prices higher and improved its near-term earnings ...

Libya’s Zallaf Oil and Gas has shipped the first 600,000-barrel export cargo from the long-delayed Chadar field amid a wave ...

Crippled refineries in Russia and the advancing winter in Europe are expected to pump up demand for Indian petro-products till the end of March. The Indian refineries may be in prime position to tap ...

Libya's Zallaf for Oil and Gas Co said on Wednesday it has exported its first oil shipment from the Chadar oil field in the Sirte Basin, southeast of Ajdabiya in eastern Libya.

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. The U.S. Strategic Petroleum Reserve (SPR) was created in ...

The U.S. will begin refilling the Strategic Petroleum Reserve by purchasing 1 million barrels of crude, the Energy Department said Tuesday, taking advantage of low prices to replenish the country’s ...

Saudi oil giant Aramco is reporting a $26.9 billion profit in the third quarter, down slightly from last year as global energy prices remain depressed over concerns of too much oil being on the market ...

The Trump administration is taking advantage of low oil prices and buying 1 million barrels to start refilling the nation’s depleted emergency crude supply. The Energy Department announced Tuesday ...